Fortinet Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Fortinet (FTNT) reported first-quarter GAAP net income of $1.6 million compared to $8.4 million for the same quarter of 2014. GAAP net income per share was $0.01, compared to $0.05. Non-GAAP net income was $13.5 million or $0.08 per share for the first quarter of 2015.

On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Total billings were $254.3 million, an increase of 36% compared to $187.6 million in the same quarter of 2014. Total revenue was $212.9 million, an increase of 26% compared to $168.9 million in the same quarter of 2014. Analysts expected revenue of $205.21 million for the quarter. Total operating expenses were $148.39 million, compared to $105.39 million, last year.